ROSSECO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROSSECO
Largest movements
- Current investments +€125,000
up €125,000 (+166.7%), from €75,000 to €200,000
- Receivables within one year -€99,390
down €99,390 (-72.0%), from €138,022 to €38,632
of which Trade receivables: -€100,969
- Tangible fixed assets -€70,134
down €70,134 (-5.9%), from €1.2m to €1.1m
of which Land and buildings: -€40,003
- Cash -€51,959
down €51,959 (-54.5%), from €95,294 to €43,335
mainly Current investments (-€125,000) and Net result for the year (-€44,687)
- Profit (loss) carried forward -€44,687
down €44,687 (-25.5%), from -€175,056 to -€219,744
- Debts after one year -€38,210
down €38,210 (-2.4%), from €1.6m to €1.6m
- Gross operating margin -€51,540
down €51,540 (-51.2%), from €100,609 to €49,069
- Staff costs -€4,250
down €4,250 (-19.0%), from €22,409 to €18,159
- Financial income +€1,849
up €1,849 (+220.1%), from €840 to €2,689
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,494,408 | €1,397,990 | -€96,418 | -6.5% |
| Fixed assets | 21/28 | €1,182,499 | €1,112,365 | -€70,134 | -5.9% |
| Tangible fixed assets | 22/27 | €1,182,499 | €1,112,365 | -€70,134 | -5.9% |
| Land and buildings | 22 | €1,061,797 | €1,021,794 | -€40,003 | -3.8% |
| Furniture and vehicles | 24 | €120,702 | €90,571 | -€30,131 | -25.0% |
| Current assets | 29/58 | €311,909 | €285,625 | -€26,284 | -8.4% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €138,022 | €38,632 | -€99,390 | -72.0% |
| Trade receivables | 40 | €138,022 | €37,053 | -€100,969 | -73.2% |
| Other amounts receivable | 41 | €0 | €1,579 | +€1,579 | |
| Current investments | 50/53 | €75,000 | €200,000 | +€125,000 | +166.7% |
| Cash at bank and in hand | 54/58 | €95,294 | €43,335 | -€51,959 | -54.5% |
| Deferred charges and accrued income | 490/1 | €2,394 | €2,459 | +€65 | +2.7% |
| Total equity and liabilities | 10/49 | €1,494,408 | €1,397,990 | -€96,418 | -6.5% |
| Equity | 10/15 | -€143,912 | -€188,599 | -€44,687 | -31.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €12,394 | €12,394 | = | 0.0% |
| Distributable reserves | 133 | €12,394 | €12,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,056 | -€219,744 | -€44,687 | -25.5% |
| Amounts payable | 17/49 | €1,638,320 | €1,586,590 | -€51,731 | -3.2% |
| Amounts payable after more than one year | 17 | €1,616,129 | €1,577,918 | -€38,210 | -2.4% |
| Other amounts payable | 178/9 | €1,616,129 | €1,577,918 | -€38,210 | -2.4% |
| Amounts payable within one year | 42/48 | €18,649 | €5,945 | -€12,704 | -68.1% |
| Trade debts | 44 | €18,128 | €5,596 | -€12,532 | -69.1% |
| Suppliers | 440/4 | €18,128 | €5,596 | -€12,532 | -69.1% |
| Taxes, remuneration and social security | 45 | €522 | €349 | -€172 | -33.0% |
| Taxes | 450/3 | €522 | €349 | -€172 | -33.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,543 | €2,726 | -€816 | -23.0% |
| Non-recurring operating income | 76A | €12,516 | €0 | -€12,516 | -100.0% |
| Remuneration, social security and pensions | 62 | €22,409 | €18,159 | -€4,250 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,459 | €71,571 | +€112 | +0.2% |
| Other operating charges | 640/8 | €6,568 | €5,798 | -€770 | -11.7% |
| Gross operating margin | 9900 | €100,609 | €49,069 | -€51,540 | -51.2% |
| Operating profit (loss) | 9901 | €173 | -€46,459 | -€46,632 | |
| Financial income | 75/76B | €840 | €2,689 | +€1,849 | +220.1% |
| Recurring financial income | 75 | €840 | €2,689 | +€1,849 | +220.1% |
| Financial charges | 65/66B | €334 | €488 | +€154 | +46.1% |
| Recurring financial charges | 65 | €334 | €488 | +€154 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €679 | -€44,257 | -€44,936 | |
| Income taxes | 67/77 | €398 | €430 | +€32 | +8.1% |
| Profit (loss) for the period | 9904 | €281 | -€44,687 | -€44,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €281 | -€44,687 | -€44,969 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.